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Owens Corning Stock Research

OC

91.92USD-0.31(-0.34%)Market Closed

Market Summary

USD91.92-0.31
Market Closed
-0.34%

OC Alerts

OC Stock Price

OC RSI Chart

OC Valuation

Market Cap

8.4B

Price/Earnings (Trailing)

6.81

Price/Sales (Trailing)

0.87

EV/EBITDA

4.59

Price/Free Cashflow

4.8

OC Price/Sales (Trailing)

OC Profitability

EBT Margin

16.54%

Return on Equity

27.13%

Return on Assets

11.54%

Free Cashflow Yield

20.83%

OC Fundamentals

OC Revenue

Revenue (TTM)

9.8B

Revenue Y/Y

7.23%

Revenue Q/Q

-9.65%

OC Earnings

Earnings (TTM)

1.2B

Earnings Y/Y

-45.37%

Earnings Q/Q

-73.62%

Price Action

52 Week Range

72.35105.62
(Low)(High)

Last 7 days

-1%

Last 30 days

-5.5%

Last 90 days

4.2%

Trailing 12 Months

-0.9%

OC Financial Health

Current Ratio

1.69

Debt/Equity

0.65

Debt/Cashflow

0.59

OC Investor Care

Dividend Yield

1.71%

Dividend/Share (TTM)

1.57

Buy Backs (1Y)

8.47%

Diluted EPS (TTM)

12.7

Peers (Alternatives to Owens Corning)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
40.4B
25.5B
-5.60% -7.94%
38.88
1.62
5.44% -19.02%
37.1B
20.4B
1.35% -3.35%
10.34
1.82
-0.93% 110.70%
11.0B
8.7B
-6.94% -6.84%
13.05
1.27
3.64% 105.85%
MID-CAP
8.8B
4.7B
-2.69% -5.03%
17.62
1.86
12.50% 7.13%
8.4B
9.8B
-5.54% -0.95%
6.81
0.87
14.86% 24.72%
7.7B
4.7B
-5.00% -39.38%
11.25
1.64
-1.63% -11.10%
5.8B
3.1B
-9.33% -33.70%
12.45
1.86
23.54% 90.99%
4.5B
2.1B
-3.17% -8.04%
13.44
2.12
34.51% 25.35%
SMALL-CAP
1.6B
2.9B
-16.46% 56.06%
-10.02
0.56
25.22% -334.98%
1.6B
6.1B
0.94% 49.18%
3.14
0.26
9.52% -37.10%
1.6B
1.4B
-12.03% -0.56%
19.19
1.14
3.75% 8.96%
1.5B
4.9B
-6.29% 9.34%
4.53
0.3
19.71% 45.92%
1.4B
1.5B
8.52% 12.02%
13.94
0.91
28.46% 209.28%
915.0M
1.5B
-9.95% -14.22%
13.53
0.7
14.40% 399.00%
522.9M
815.3M
-6.30% -30.77%
4.63
0.64
25.53% 38.49%

Financials for Owens Corning

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.6%9,7619,6079,2918,9298,498
Gross Profit0.4%2,6162,6052,5082,3922,217
Operating Expenses20.7%902747866812779
  S&GA Expenses2.6%781761744--
  R&D Expenses5.0%10610196.0094.0091.00
EBITDA-6.0%2,2542,3982,1722,095-
EBITDA Margin-7.5%0.23*0.25*0.23*0.23*-
Earnings Before Taxes-8.0%1,6141,7551,5271,4591,313
EBT Margin-9.5%0.17*0.18*0.16*0.16*-
Interest Expenses-1.8%109111114121126
Net Income-7.7%1,2411,3441,1341,089995
Net Income Margin-9.1%0.13*0.14*0.12*0.12*-
Free Cahsflow23.9%1,7601,4201,4251,457-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.3%10,75210,72110,54310,31610,015
  Current Assets-0.3%3,5563,5673,6893,4313,097
    Cash Equivalents46.3%1,099751810748959
  Inventory0.9%1,3341,3221,2541,1471,078
  Net PPE1.9%3,7293,6603,6843,8253,873
  Goodwill26.7%1,3671,079983990-
Liabilities1.6%6,1316,0355,9565,680-
  Current Liabilities4.5%2,1042,0141,9741,9991,697
  Long Term Debt0.1%2,9922,9882,9892,9592,960
Shareholder's Equity-1.4%4,5754,6404,5624,3654,296
  Retained Earnings2.0%3,7943,7193,2822,9742,706
  Additional Paid-In Capital0.4%4,1394,1244,1074,0914,092
Shares Outstanding-4.6%92.0096.0098.0098.00100
Minority Interest0%21.0021.0022.0024.0039.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations23.9%1,7601,4201,4251,4571,503
  Share Based Compensation-1.9%51.0052.0051.0050.0050.00
Cashflow From Investing12.0%-623-708-504-344-377
Cashflow From Financing-16.0%-974-840-990-972-881
  Dividend Payments4.6%13613012388.00108
  Buy Backs18.5%795671637657570

Risks for OC

What is the probability of a big loss on OC?

67.3%


Probability that Owens Corning stock will be more than 20% underwater in next one year

44.6%


Probability that Owens Corning stock will be more than 30% underwater in next one year.

31.5%


Probability that Owens Corning stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does OC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Owens Corning was unfortunately bought at previous high price.

Drawdowns

Returns for OC

Cumulative Returns on OC

10.4%


10-Year Cumulative Returns

11.5%


7-Year Cumulative Returns

4.9%


5-Year Cumulative Returns

45.2%


3-Year Cumulative Returns

What are the long-term rolling returns for OC?

FIve years rolling returns for Owens Corning.

Annualized Returns

Which funds bought or sold OC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
MATHER GROUP, LLC.
reduced
-1.02
25,955
373,955
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
6.7
38,892,000
285,395,000
0.31%
2023-03-06
Rockefeller Capital Management L.P.
added
4.71
17,000
146,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-19.31
-957,850
6,740,150
0.01%
2023-02-24
NATIXIS
reduced
-11.53
-469,266
11,243,700
0.06%
2023-02-22
CVA Family Office, LLC
unchanged
-
9,155
115,155
0.03%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-8.87
-15,000
1,315,000
0.01%
2023-02-21
Empirical Finance, LLC
added
0.9
36,079
419,079
0.04%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-8.26
101
125,101
-%
2023-02-21
MACQUARIE GROUP LTD
added
1.88
1,190,500
12,475,500
0.01%

1–10 of 45

Latest Funds Activity

Are funds buying OC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own OC
No. of Funds

Owens Corning News

MarketBeat

Owens Corning (NYSE:OC) Stock Position Lowered by DNB Asset ....

MarketBeat,
18 hours ago

Simply Wall St

Investor's Business Daily

Investor's Business Daily

Simply Wall St

Zacks Investment Research

Schedule 13G FIlings of Owens Corning

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
10.26%
9,586,320
SC 13G/A
Jan 27, 2023
blackrock inc.
13.2%
12,334,569
SC 13G/A
Jan 23, 2023
blackrock inc.
13.2%
12,334,569
SC 13G/A
May 10, 2022
vanguard group inc
10.03%
9,740,752
SC 13G/A
Feb 14, 2022
boston partners
4.21%
4,229,563
SC 13G/A
Feb 09, 2022
vanguard group inc
9.73%
9,777,972
SC 13G/A
Jan 27, 2022
blackrock inc.
11.5%
11,559,475
SC 13G/A
Jan 26, 2022
blackrock inc.
11.5%
11,559,475
SC 13G/A
Feb 11, 2021
boston partners
7.05%
7,633,857
SC 13G/A
Feb 10, 2021
vanguard group inc
9.49%
10,271,489
SC 13G/A

OC Fair Value

Owens Corning fair value in different scenarios

The table shows the Fair Value estimates for Owens Corning for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

121.04

31.68%

196.67

113.96%

262.74

185.84%

368.34

300.72%

434.83

373.05%
Current Inflation

112.98

22.91%

179.00

94.73%

234.66

155.29%

323.85

252.32%

379.46

312.82%
Very High Inflation

102.87

11.91%

157.54

71.39%

201.36

119.06%

271.99

195.90%

315.43

243.16%

Historical Owens Corning Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Owens Corning

View All Filings
Date Filed Form Type Document
Mar 09, 2023
ARS
ARS
Mar 09, 2023
DEF 14A
DEF 14A
Mar 02, 2023
4
Insider Trading
Feb 24, 2023
PRE 14A
PRE 14A
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading
Feb 21, 2023
4
Insider Trading

Latest Insider Trading transactions for OC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
SMITH DANIEL T
sold
-1,630,750
97.72
-16,688
evp and chief growth officer
2023-02-17
FESTA ALFRED E
acquired
64,954
99.93
650
-
2023-02-17
Martin Paul Edward
acquired
38,972
99.93
390
-
2023-02-17
Nimocks Suzanne P
acquired
46,467
99.93
465
-
2023-02-17
Williams John David
acquired
38,972
99.93
390
-
2023-02-17
MORRIS W HOWARD
acquired
38,972
99.93
390
-
2023-02-17
CORDEIRO EDUARDO E
acquired
41,271
99.93
413
-
2023-02-17
Elsner Adrienne
acquired
38,972
99.93
390
-
2023-02-17
Lonergan Edward F
acquired
69,951
99.93
700
-
2023-02-17
Mannen Maryann T.
acquired
42,770
99.93
428
-

1–10 of 50

Brian D. Chambers
20000
Owens Corning manufactures and markets insulation, roofing, and fiberglass composite materials in the United States, Canada, Europe, the Asia Pacific, and internationally. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and other specialized products. Its products are used in building structures, roofing shingles, tubs and showers, pools, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades applications in the building and construction, renewable energy, and infrastructure markets. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The Insulation segment manufactures and sells insulation products for residential, commercial, industrial, and other markets for thermal and acoustical applications; and glass fiber pipe insulation, flexible duct media, bonded and granulated mineral fiber insulation, cellular glass insulation, and foam insulation products used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors under the Thermafiber, FOAMULAR, FOAMGLAS, Paroc, Owens Corning PINK, and FIBERGLAS Insulation brand names. The Roofing segment manufactures and sells aminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications, as well as synthetic packaging materials. This segment sells its products through distributors, home centers, lumberyards, retailers, and contractors, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. Owens Corning was incorporated in 1938 and is headquartered in Toledo, Ohio.

OC Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
NET SALES$ 9,761$ 8,498$ 7,055
COST OF SALES7,1456,2815,445
Gross margin2,6162,2171,610
OPERATING EXPENSES   
Marketing and administrative expenses803757664
Science and technology expenses1069182
Goodwill impairment charge00944
Gain on equity method investment(130)00
Other expenses (income), net123(69)58
Total operating expenses9027791,748
OPERATING INCOME (LOSS)1,7141,438(138)
Non-operating income(9)(10)(14)
EARNINGS (LOSS) BEFORE INTEREST AND TAXES1,7231,448(124)
Interest expense, net109126132
Loss on extinguishment of debt090
EARNINGS (LOSS) BEFORE TAXES1,6141,313(256)
Income tax expense373319129
Equity in net earnings of affiliates010
NET EARNINGS (LOSS)1,241995(385)
Net (loss) attributable to non-redeemable and redeemable noncontrolling interests00(2)
NET EARNINGS (LOSS) ATTRIBUTABLE TO OWENS CORNING$ 1,241$ 995$ (383)
EARNINGS (LOSS) PER COMMON SHARE ATTRIBUTABLE TO OWENS CORNING COMMON STOCKHOLDERS   
Basic (dollars per share)$ 12.85$ 9.61$ (3.53)
Diluted (dollars per share)$ 12.70$ 9.54$ (3.53)
WEIGHTED AVERAGE COMMON SHARES   
Basic (in shares)96.6103.5108.6
Diluted (in shares)97.7104.3108.6

OC Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS  
Cash and cash equivalents$ 1,099$ 959
Receivables, Net, Current961939
Inventories1,3341,078
Assets held for sale450
Other current assets117121
Total current assets3,5563,097
Property, plant and equipment, net3,7293,873
Operating lease right-of-use assets204158
Goodwill1,383990
Intangible assets, net1,6021,617
Deferred income taxes1631
Other non-current assets262249
TOTAL ASSETS10,75210,015
CURRENT LIABILITIES  
Accounts payable1,3451,095
Current operating lease liabilities5249
Other current liabilities707553
Total current liabilities2,1041,697
Long-term debt, net of current portion2,9922,960
Pension plan liability7877
Other employee benefits liability118157
Non-current operating lease liabilities152109
Deferred income taxes388376
Other liabilities299304
Total Liabilities6,1315,680
Redeemable noncontrolling interest250
OWENS CORNING STOCKHOLDERS’ EQUITY  
Preferred stock, par value $0.01 per share[1]00
Common stock, par value $0.01 per share[2]11
Additional paid in capital4,1394,092
Accumulated earnings3,7942,706
Accumulated other comprehensive deficit(681)(581)
Cost of common stock in treasury[3](2,678)(1,922)
Total Owens Corning stockholders’ equity4,5754,296
Noncontrolling interests2139
Total equity4,5964,335
TOTAL LIABILITIES AND EQUITY$ 10,752$ 10,015
[1]shares authorized; none issued or outstanding at December 31, 2022 and December 31, 2021
[2]shares authorized; 135.5 issued and 91.9 outstanding at December 31, 2022; 135.5 issued and 100.4 outstanding at December 31, 2021
[3]43.6 shares at December 31, 2022 and 35.1 shares at December 31, 2021